Rainbird Road, Bishops Stortford, Hertfordshire, CM23 2YD

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this three-bedroom mid-terrace house in Bishop's Stortford, available through Shared Ownership. The price shown represents purchasing a 40% share of the property, based on a full market value of £425,000.

Property overview

This well-proportioned three-bedroom home offers approximately 927 sq. ft. (86 sq. m.) of accommodation arranged over two floors, providing a practical layout suited to modern family living.

The ground floor opens into an entrance hallway leading to a spacious lounge, measuring approximately 13'7” x 12'3”. With a large front-facing window, the room offers plenty of space for comfortable seating and everyday relaxation.

To the rear of the property is a generous kitchen and dining area, measuring approximately 17'2” x 9'11”. The open-plan arrangement provides ample space for cooking, dining and entertaining, with double doors opening directly onto the rear garden, creating a natural connection between indoor and outdoor living.

A convenient downstairs Wc and additional hallway complete the ground-floor accommodation.

Upstairs, the property offers three bedrooms, including a principal bedroom with its own en-suite shower room. The second bedroom provides comfortable accommodation for family members or guests, while the third bedroom offers flexibility as a child's bedroom, home office or additional guest room.

A separate family bathroom, accessed from the landing, serves the remaining bedrooms.

With three bedrooms, two bathrooms, a downstairs Wc and a spacious kitchen/dining area, this property offers a versatile layout for families, couples and those looking for additional space to work from home.

The property is leasehold with approximately 119 years remaining. Shared owners have the opportunity to staircase to 100% ownership, at which point the freehold will be transferred to the owner.

Financial breakdown

• Full Market Value: £425,000
• 40% Share Value: £170,000
• Rent on Unowned Share: £760.91 per month
• Estate Charge: £38.88 per month
• Buildings Insurance: £23.54 per month
• Management Fee: £34.89 per month
• Service Charge: £0.00
• Reserve Fund Payment: £0.00
• Total Monthly Payment (excluding rent): £97.31
• Lease Length: Approximately 119 years remaining

Larger shares may also be purchased, subject to affordability assessment. For example, a 50% share is £212,500 with monthly rent of £633.96, while a 75% share is £318,750 with monthly rent of £316.98.

Rent is reviewed annually in accordance with the lease, using the Retail Price Index (Rpi) plus 0.5%.

Local area

Bishop's Stortford is a popular Hertfordshire market town, offering an attractive combination of historic character, modern amenities and excellent transport connections.

The town centre provides a wide selection of independent shops, supermarkets, cafés, restaurants and leisure facilities, alongside a regular market and a variety of everyday services.

Bishop's Stortford is particularly well regarded for its transport links. The railway station provides direct services to London Liverpool Street, Cambridge and Stansted Airport, making the town a convenient choice for commuters and those who travel regularly.

The nearby M11 motorway also provides excellent road connections towards London, Cambridge and the wider motorway network.

Families benefit from a choice of primary and secondary schools in the surrounding area, together with parks, recreational facilities and green spaces.

The town's riverside walks, open spaces and surrounding Hertfordshire countryside provide plenty of opportunities for outdoor activities, while the historic town centre offers a welcoming community atmosphere.

With its combination of local amenities, transport connections and access to the countryside, Bishop's Stortford remains a desirable location for families, professionals and first-time buyers.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility criteria

To be eligible for a home here you'll need to:

• Have a combined household income under £80,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in the sale and letting of affordable homes across the UK.

Working in partnership with Legal & General Affordable Homes, we help customers understand their options and guide them through the Shared Ownership process, from initial enquiry through to completion.

Shared Ownership disclaimer

Shared Ownership eligibility criteria applies. Images are indicative only. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our sales consultants.